Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

INOX Leisure Ltd - Q2'FY22 Financial Results Highlights

Posted On: 2021-10-22 18:05:38 (Time Zone: IST)


INOX Leisure Ltd reported financials for the Second Quarter ending 30th September 2021. As permissions from various State Governments were received, the Company started opening cinemas in a staggered manner from July 2021, operating as per the prescribed Standard Operating Procedures. As a result, the Company kicked-off a positive turnaround with reported Revenues at Rs 53 Cr, while the EBITDA stood at Rs (59) Cr* and PAT at Rs (68) Cr*.

The Quarter saw the company received an encouraging response for movies including Bell Bottom, F9 The Fast Saga, Mortal Kombat, Shangchi the Legend Of Ten Rings and No Time to Die which proves that patrons are willing to turn up for good quality content. With 18 lakh guests visiting INOX cinemas across the country, the early signs of revival were evident in the Quarter with a 10% occupancy rate, ATP of Rs 178 and SPH of Rs 92, which is identical to the pre-COVID times.

Highlights for 2nd Quarter ended on 30th September 2021

  • Revenues reported at Rs 53 Cr, EBITDA at Rs (59) Cr* and PAT at Rs (68) Cr*
  • Company reported an Average Ticket Price of Rs 178
  • Spends Per Head stood at Rs 92
  • 18 lakhs guests visited INOX cinemas in Q2'FY22 giving a double digit occupancy rate of 10%
  • The company added 02 new properties with 06 screens in Q2'FY22, at JTM Mall, Jaipur and Reliance Mall, Bhilwara.
  • All States with INOX's presence have allowed cinemas to operate as per Unlock directives
  • INOX now operates 658 screens across 156 multiplexes in 70 cities
  • Screen addition to continue in FY22
  • Stringent cost control procedures continue to remain implemented
  • With a massive lineup of great quality content in Hindi, English and other Indian languages, Company expects a strong recovery in the next quarter
  • The Company's revamped F&B road map has started getting fructified now with tie-ups including Eazydiner and ITC's brand - Kitchens of India
  • 100% INOX employees across the country are vaccinated

Furthermore, the Company's robust F&B road map has started getting fructified now with tie-ups including table reservation platform Eazydiner and ITC's brand - Kitchens of India, aimed at offering more menu choices to the guests and positioning INOX as a food outlet brand.

The Company expects stability & positive sentiment in the business going forward, thanks to a fascinating content lineup in the next festive Quarter with as many as 20+ blockbusters releasing in Hindi, English and other Indian languages, including the likes of Sooryavanshi, 83, Bunty aur Babli 2, Tadap, Chandigarh Kare Aashiqi, Matrix, Pushpa, Jersey and Eternals.

Company has been actively engaging with key stakeholders including the Government Authorities, Mall Developers & Content Producers to garner critical support and ensure a smooth and prompt return to normalcy. With an objective to keep the costs under a check, the Company will continue to implement active cost control measures.

Mr. Siddharth Jain, Director - INOX Group says, "Our performance in this Quarter signifies the beginning of the revival journey, which has come after numerous Quarters of uncertainty. Our teams depicted stout resilience and saw through this phase in a resolute manner, which now provides us with the wherewithal to create and unleash the same old experiential magic that INOX is known for. We are certain that with a great content pipeline in this upcoming Quarters, reduced apprehensions, positive consumer sentiment, a 100% vaccinated team, a strong liquidity position and unlocking of Maharashtra, not only INOX, but the entire film exhibition industry will resurge with a fascinating performance. We have been waiting for this critical juncture to arrive, and with the backing of the faith of all our stakeholders, we know that we are heading into a brighter tomorrow."

With 2 new properties, with 6 screens inaugurated in JTM Mall, Jaipur and Reliance Mall, Bhilwara the Company now operates 156 multiplexes with 658 screens in 70 cities across the country. The Company plans to add 34 screens in FY'22, out of which, project work of 9 screens is ~95% completed.

Shares of INOX Leisure Limited was last trading in BSE at Rs. 420.10 as compared to the previous close of Rs. 419.65. The total number of shares traded during the day was 156275 in over 4622 trades.

The stock hit an intraday high of Rs. 436.65 and intraday low of 413.40. The net turnover during the day was Rs. 66249785.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

BHEL wins CII-Exim Bank Platinum Awards for Business Excellence

V-Mart Retail Ltd opens one new store in Haryana

Vidli Restaurants Limited board approves rights issue at Rs. 10

Innovators Facade Systems Limited receives order from DLF Group

Infosys collaborates with One of Europe's Greenest Data Centers to accelerate Daimler's transition to Sustainable Mobility

Dharamsi Morarji Chemical Company Ltd to list in NSE from Dec 1, 2021

Fitch affirms Axis Bank at 'BB+', Outlook Negative

TCS helps AGL embrace New AI-powered Operating Model to transform Customer Experience

Dhruv Consultancy Services Limited receives LOA for project worth Rs. 5.04 crore

Arvind Ltd update on Ankur unit

Lupin launches Sciflix a mobile-friendly learning platform for post graduate students specializing in pulmonology

ICRA-assigned Credit Rating for 100.00 crore bank lines of Rane Holdings Limited

ITI Limited installs 100 KW Captive Rooftop Solar Power Plant in Lucknow, Uttar Pradesh

GIC to invest in IRB Infrastructure Developers Limited

Vishvprabha Ventures Ltd Fixes Record Date for Rights Issue of equity shares

Earum Pharmaceuticals Ltd fixes Record Date for Stock Split

ICRA upgrades credit rating of DLF Limited to [ICRA] AA- with Stable outlook

IIFL Home Finance Ltd disbursed loans over Rs. 2500crore, as on 30 September, 2021

Kotak Mahindra Bank reaches One Million FASTags Milestone

Accor renews partnership with IndiGo's 6E Rewards program to offer accelerated travel and stay benefits

Rossari Biotech Ltd. appoints Ketan Sablok as the Group Chief Financial Officer

Vedanta's Sesa Goa Iron Ore Business pledges to become carbon neutral by 2050

CL Educate liquidates third land parcel this year

Reliance Capital Ltd welcomes RBI move to resolve company's debt through IBC

Knowledge Marine & Engineering Works Ltd receives LoA from Vizag Port Trust for patrol boat

Patel Integrated Logistics Ltd board to consider rights shares allotment on Dec 2, 2021

Tatva Chintan Pharma Chem Ltd acquires land at Dahej-III GIDC Estate, Bharuch

Intec Capital Ltd accepts OTS proposal from The Bank of Maharashtra

Sayaji Hotels Ltd arm signs 8 new properties

Coal India Ltd board declares interim dividend of Rs. 9

BSL Ltd updates on credit rating

Ratnamani Metals & Tubes Ltd receives new Domestic Orders of Rs.297.87 Crores

TCS Named a Leader in IDC MarketScape for Worldwide Managed Multicloud Services

James Warren Tea Limited board approves buyback at Rs. 295 through tender offer

Goeld frozen Foods starts operations in Bhopal

Happiest Minds wins Platinum and Gold Awards for its 2021 Annual Report from LACP

Reliance Industries Ltd denies bid for BT

TTK Prestige Ltd fixes Dec 15, 2021 as record date for stock split

National Fittings Ltd announces redemption of preference shares

LIC gets RBI nod for increasing stake in Kotak Mahindra Bank to 9.99%

Brooks Steriscience Ltd gets marketing authorizaiton in Germany for Meropenem

CRISIL reaffirms rating of Ruchira Papers Ltd

Man Industries India Ltd receives news orders of Rs. 325 crores

Indian Sucrose Ltd starts sugar crushing for season 2021-22

Capri Global Capital Limited partners with State Bank of India for Co-Lending to MSMEs

Genesys International Corporation Limited to launch India 3D Maps Program

Asian Paints Ltd inks MoU for expansion project at an outlay of Rs. 960 crores

Shakti Pumps India Limited to form subsidiary for business in EV Motor

IndusInd Bank Ltd updates on resignations at Bharat Financial Inclusion Ltd

MICL Group to jointly develop Luxurious Residential Project at Tardeo, Mumbai


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020